There were arguments whilst watching Dispatches last night. The program blew the cover on tax havens and government ministers and advisers who use them.
I feel the need to clearly verbalise my feelings on the subject.
Firstly I think in the UK we pay too much tax. I dispute the assumption that the government has any right at all to my earnings. As I've discussed elsewhere, I pay about 50% of my earnings as tax, sure income tax is 22%, but with fuel duty, VAT and so on, its 50%.
I get up early, I drive for miles to get to work, I work hard, yet half of my effort is to fill government coffers. Except the government has no money, its just a transient state, it spends my money, or worse, it gives it away for free.
And where it gives it away is the problem, the redistribution of wealth, from the hard working to the workless.
I'm saving my pennies to buy myself an xBox 360. If anyone who lives on benefits, on government handouts, who does not work, who does not have to get up at 7am to go to work, if they can afford an xBox 360, if they have a higher standard of living than me, then I pay too much tax, tax levels in the UK are too high, and I fully support anyone who takes legal measures to reduce their tax bill.
I believe sovereign states have the right to set their own tax levels, without having to ask the UK's permission.
Is that a contradiction? Considering I dispute the government's right to my (or anyone else's) earnings? Nope.
If anyone seeks to reduce their tax bill by moving their assets and money abroad, then so be it. It's a perfectly legitimate expression of opinion, the UK's levels of tax are too high and it follows they should be lowered.
completely agree.
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